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US power and the crisis of social democracy in Europe's second project of integration

US power and the crisis of social democracy in Europe's second project of integration

Chapter:

(p.20)
(p.21)
1 US power and the crisis of social democracy in Europe's second project of integration

Source:

European regionalism and the left

Author(s):

Magnus Ryner

Publisher:

Manchester University Press

DOI:10.7228/manchester/9780719085734.003.0002

This chapter draws on the work on Poulantzas to argue that European social democracy is in crisis because European Integration since the 1980s has been articulated within a relationship of structural subordination to US-led financial capital, to which European capital has itself increasingly gravitated. This has also been the determining parameter of the state-as-social relation, and contradicts the post-war welfare settlement. Against this backdrop, Europe has struggled to rearticulate a new social compromise and politics of social mediation. The attendant crisis of legitimisation has primarily benefited right-wing populism, which does not auger well for the health of Europe's synthesis of capitalism with democracy.

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PRINTED FROM MANCHESTER SCHOLARSHIP ONLINE (www.manchester.universitypressscholarship.com). (c) Copyright Manchester University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in MSO for personal use (for details see www.manchester.universitypressscholarship.com/page/privacy-policy).date: 21 January 2019